5 Tips on Efficiently Managing Accounts Receivable

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Tips on Efficiently Managing Accounts Receivable

Transcript of 5 Tips on Efficiently Managing Accounts Receivable

Page 1: 5 Tips on Efficiently Managing Accounts Receivable

Tips on Efficiently Managing

Accounts Receivable

Page 2: 5 Tips on Efficiently Managing Accounts Receivable

Background Check and Credit History

Investigate and ask for feedback from other companies that they have previously done business with.

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Set a Clear Payment Terms

Provide your client with an estimate of expenses they will incur and negotiate an arrangement that would be convenient for them—which does not sacrifice your business’ profit.

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Switch to Electronic Invoicing

Gone are the days for snail mail. Technology has made it possible for businesses to send invoices by email through apps made available on the internet.

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Have Multiple Payment Methods

To turn things around, add options to the company’s payment system other than PayPal and Credit Cards.

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Outsource Finance Services

By partnering with a reliable AR outsourcing company, you can be assured that someone who is trained and equipped to do the job is keeping a sharp eye on your transactions.

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Having Trouble with your Accounting?

Infinit-Accounting can give your business not just a lift, but a boost in managing your accounts receivable transactions.

http://www.infinitaccounting.com/services/transaction-processing/accounts-receivable/
http://www.infinitaccounting.com/services/transaction-processing/accounts-receivable/

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Accounts receivable management

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Accounts Receivable

Accounts Receivable

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